Energy Daily

Aluminum Market Enters a Prolonged Supply ‘Black Hole’

JPMorgan has been warning of a “serious and prolonged” outage that it says has now arrived.
Losses of aluminum supply have escalated in the wake of Iranian strikes on two key smelters in Abu Dhabi and Bahrain last month.Photographer: Louise Delmotte/Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, EMEA Metals and Mining Team Leader Mark Burton looks at the serious, prolonged supply deficit that’s hit the aluminum market.

Hopes are rising that an end to the Iran war is in sight, but even an immediate resolution would come too late to avoid a major supply shock in the aluminum market.